Where have the people who got laid off over the past few years ended up? The job market in Detroit is apocalyptic. Do people leave SE Michigan?
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VSP was to get rid of the last of the legacy. In my opinion they needed these people connected to the pension, off the books. There is a reason it was the Best Buy out package offered in over 30 years because it was to push out / entice the elderly 30-45 years in that just wouldn’t leave. There will never be an offer like that again. It will be a tap on the shoulder blaming your below the 3 box performance .
Grifting seems to pay well.
People make whole careers of it.
"In 2025, we at Meta are going to have an AI that can effectively be a sort of mid-level engineer that can write code." ~ Mark Zuckerberg
https://www.youtube.com/watch?v=USBW0ESLEK0
The writing is on the wall, though most are in denial. If you have the ability to shift your skills into something that pays well, this is the time. Otherwise, after about a year of unemployment almost no one will touch you. There are scores of people on Linkedin right now that are already testifying this.
Stop complaining. Start changing things for the better! The people on this board complaining are literally b#$C7es. "But...but... Mary's rich and I want to WFH in my pajaaaaaaaaaaaaaaammmmmmmmaaaaaaaaaassssssssss". Brutal reality check in 1...2...
I hope they do another VSP, but it seems like they're just going to claim lots of employees have performance problems so they can cut them with no severance at all and make them ineligible for Unemployment since they're fired for cause.
I took the VSP in 2023. I saw that as the last opportunity for good separation package. The VSP bridged the gap so I could retire. It was a difficult decision to leave it all behind, but now I am happy with my decision. I am leaving the door open for another career in the future, but I am very picky now.
Is that in Michigan?
Auto industry?
I was 1 of the 1000. (7A level). Had over 10 years with GM. Got 5 months salary plus another 2 months due to the WARN act. and the 2025 bonus at the 100% level. Within 2 months I had a new job with a 7% increase in base salary, similar bonus structure, less expensive benefits and I get paid true time and a half for anything worked over 40 hours. (And there is plenty of overtime!) I do have to work in the office but, I work a 9/80 schedule with every other Friday off (assuming I am not working OT). Bottom line, there is work out here, at least right now. I would suggest that anyone concerned about their jobs at GM start looking now before the big layoffs happen and 20,000 engineers will be looking for work!
Normies refer to Artificial Intelligence as "ChatGPT" without understanding that AI is broader in scope and that there are many other applications of it.
It reminds of a time when regular people though that AOL was the internet and every game system was "the nintendo".
"You used ChatGPT" is the accusation of the low-information consumer. There's always the person who interrupts you to search Snopes for the politically correct answer. No critical thinking skills whatsoever.
Maybe they know your resume was written by chatgpt
Level 7A Developer, S&S, laid-off in August. Still looking for suitable employment.
I am using Michigan Works website as well as Indeed for job search.
Only looking at senior level positions.
Please use ChatGPT, Gemini etc. to create targeted cover-letters and resumes (load the job description and your resume).
Impacted in 2019, already had consulting job lined up. And have retired. I feel for the younger generation it’s just brutal.
After GM layoff, I jumped quickly to a contract position at Ford, worked there 3 years, then laid off. Now at a supplier.
I'll give you something helpful.
Make money when the stock market reverses course. You earn more during the elevator down ride, then you do the stair step higher. Can't do this from your 401k, so how does one do this? I don't hold people's hand, that wouldn't be fair. But those that can learn and decipher on their own, they can take advantage.
There's a lot of smart people here. I believe they can figure this out. A small and reasonable investment in a scenario like this, has the ability to replicate an annual income in return. And just like I explained in the 2.25% interest rate scenario, there's a time and a place. If you miss the opportunity, or the timing, then you simply won't take advantage.
Only, you will still be playing this game whether you want to be or not. Most everyone has a 401k do they not? Nothing goes up forever, and when the dip isn't the dip any longer...
I got a job in the trucking industry. It’s similar to automotive. I would recommend that “car guys” who are laid off from the auto industry check out opportunities there.
"Again, not my horse. I know how I plan to play this."
Yet you pontificated anyway about musical chairs, horse races and stock trading.
NOT HELPFUL.
There's a time and place for everything. If you aren't taking advantage of it, that's on you. Like the low interest rates of the past, everyone had the opportunity to snag a 2-2.25% interest rate on their home. It's always in the timing.
Back during Covid, they didn't have enough bodies to occupy positions. Employees could practically dictate terms and price, and kick those azzholes in the teeth. What lead up to the blowoff economy structure, leaves the corporations in control again. That once massive hiring cycle, now presents a massive firing cycle. This is across all fields, as silent as can be. Deleveraging personnel as silently as possible across all of 2024.
If you aren't positioned well in this game of musical chairs, you may find yourself hurting. Some people have been having difficulty in finding work for six to twelve months or longer.
I don't personally care, I have no horses in their race. But, I do look at macro pictures, and economic pictures that interest me. Most people the world over, don't know how to chart read, or apply TA to stock market charts. If you knew, what they're showing us in the charts, you might be choosing to brace for impact. Again, I know what I see. Most others do not. Not my horse in their race.
Good luck.
Recession came first.
Great recession came second.
Which event would next complete the pattern?
Again, not my horse. I know how I plan to play this.
Took a similar job in financial/banking industry, 100% remote, love it! Moved north, embracing the empty nest life! There is hope and opportunities out there, use your experience & positivity to switch to different industry if poss. Use an unexpected layoff as a springboard to better things and enjoy life without the BS. Reflect and take some time to re-assess, it’s ok. Change is scary, but if you embrace it, you’ll thank yourself later.
According to a handful of naysayers, Detroit is brimming with amazing opportunities that are much better than what GM has to offer. They are telling us to get out now while we can. Not sure when they will share their amazing insights and wisdom as to what these opportunities are and where but in the meantime, I'm hoping I don't get a scary email at 4:20am.
I trim trees in the summer and plow driveways in the winter.
It's a good living year round.
That's what I wanted to ask. It's dire for those over 40 and bleak over 50 years who were laid off. I know a few who have left the state and others are living off inheritance now. The younger folks have found new employment within the year in the state or they relocated. I always thought inheritance was an added bonus, not it will be a f_kin necessity!